492 Dempsey Drive, Cocoa Beach, FL 32931

$1,262,500

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1022812

Property Type: Residential Income Bedrooms: 5 Baths: 4 Square Footage: 3,490 Lot Size (sq. ft.): 11,326 Status: Closed

Current Price: $1,262,500 List Date: 5/01/2025 Last Modified: 7/06/2026

Overview

Description

New construction 2022, gutted to the studs, new plumbing, new electric, new walls, headers, beams, spray foam insulation, impact windows and sliders, see feature sheet, essentially 2 homes on separate electric meters. Consider it as a 5 bedroom home or two homes. Downstairs 3 bedrooms, 3 baths and Upstairs 2 bedrooms, 1 bath. Whatever you decided to use this property for you will not be disappointed. It would serve beautifully as a family home with extra income from the upstairs apartment, adult children still living at home, a second home, or Airbnb. A fabulous location, only 6 blocks to the beach and next door to a riverfront park for added unobstructed views of the river and islands! Currently being used as an Airbnb! The walkability to downtown Cocoa Beach with shopping, restaurants, stores, library, post office, etc. makes it more desirable. Quiet and tucked away yet so close to all that Cocoa Beach has to offer! Boaters Dream: Deep water and easy access to the open river!!

Supplements: 492 Dempsey Drive's main home is a two-year-old home as of 2022! The concrete walls were left up and the roof was left on as the work began! The first floor of this beautiful home was completely gutted, reframed, rebuilt to code by a local reputable General Contractor. New beams and headers were added in the main living room, garage and Florida ... (Read more)

Listing Details MLS# 1022812

General Property Information

Number Of Buildings: Yes
Number Of Units Total: 2
Bedrooms Total: 5
Bathrooms Total: 4
Bathrooms Full: 4
Living Area: 2919
Living Area Source: Public Records
Building Area Total: 3490
Accessibility Features YN: Yes
New Construction YN: No
Year Built: 1957
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Open Parking Spaces: 4
Lot Size Acres: 0.26
Lot Size Square Feet: 11326
Association YN: No
Water Body Access YN: No
Waterfront YN: Yes
Water Body Name: Canal Navigational to Banana River
Furnished: Unfurnished
Stories Total: 2
Stories: 2
Entry Level: 12
Direction Faces: North
Pool Private YN: Yes
Senior Community YN: No
List Price/SqFt: 476.19
Sold Price/SqFt: 432.51

Property Features

Appliances: Dishwasher; Disposal; Dryer; Electric Cooktop; Electric Range; Gas Cooktop; Gas Range; Gas Water Heater; Microwave; Refrigerator; Washer Construction Materials: Block; Frame; Stucco Cooling: Central Air; Electric; Multi Units; Separate Meters; Split System; Varies by Unit Current Use: Hotel/Motel; Investment; Mixed Use; Multi-Family; Residential Exterior Features: Dock; Impact Windows Fencing: Back Yard; Chain Link; Fenced; Wood Fireplace Features: Wood Burning Flooring: Laminate; Tile Heating: Central; Electric Laundry Features: In Garage; Multiple Locations Levels: Two Listing Terms: Cash; Conventional Lot Features: Corner Lot; Cul-De-Sac; Dead End Street; Few Trees Other Structures: Shed(s) Parking Features: Attached; Garage Pool Features: In Ground Possession: Close Of Escrow Road Frontage Type: City Street Road Surface Type: Paved Roof: Metal Sewer: Public Sewer Special Listing Conditions: Corporate Owned; Standard Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Separate Electric Meters; Sewer Connected; Water Connected View: Canal; Pool; Water Water Source: Public Waterfront Features: Canal Front; Navigable Water; No Fixed Bridges; River Access; Seawall Showing Requirements: Call Listing Agent; Lockbox; Showing Service

Contract Information

Original List Price: 1849000
Listing Contract Date: 2024-08-21
Property Sub Type: Duplex
Comp Sale YN: No

Location Tax and Legal

Street Number: 492
Street Name: Dempsey
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32931
MLS Area Major: 272 - Cocoa Beach
Subdivision Name: Convair Cove

Remarks and Miscellaneous

Public Remarks: New construction 2022, gutted to the studs, new plumbing, new electric, new walls, headers, beams, spray foam insulation, impact windows and sliders, see feature sheet, essentially 2 homes on separate electric meters. Consider it as a 5 bedroom home or two homes. Downstairs 3 bedrooms, 3 baths and Upstairs 2 bedrooms, 1 bath. Whatever you decided to use this property for you will not be disappointed. It would serve beautifully as a family home with extra income from the upstairs apartment, adult children still living at home, a second home, or Airbnb. A fabulous location, only 6 blocks to the beach and next door to a riverfront park for added unobstructed views of the river and islands! Currently being used as an Airbnb! The walkability to downtown Cocoa Beach with shopping, restaurants, stores, library, post office, etc. makes it more desirable. Quiet and tucked away yet so close to all that Cocoa Beach has to offer! Boaters Dream: Deep water and easy access to the open river!!